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3 years ago

How did huge industrial trusts develop in industries such as steel oil and banking, what was the effect on the economy?

1 answer:

3 0

The huge industrial trusts developed in industries such as steel and oil because there was a lot of competition to make the most profit and to be the best factory. Oil was a huge cooperation because it fueled the trains. Smaller bothersome rival companies would join bigger ones to create a monopoly. Standard oil owned by Rockefeller was a vast power and the word trust came to be generally used to describe any large scale business combination. Steel became a large industry for the fact that it was a strong metal that built the trains and tall sky scrappers. Also steel was used to build the transcontinental rail roads The Bessemer process came about which was a method of making cheap steel. It made the economy a more cut throat environment of dog eat dog and became ruthless. The economy was about power and money and was very greedy. Immigrant workers were employed with very low wages and worked laboriously many hours a day. Their effect on the economy was to create large <span>monopolies, their effects were tremendous.</span>

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soldier1979 [14.2K]

Answer:

Following are the response to the given points:

Explanation:

$\text{Insurance Expense} =\text{ Beginning Prepaid Insurance} + \text{Cash Premium Paid} -\text{Ending Prepaid Insurance}$

$= \$9,400 + \$10,400 - \$3,730\\\\ = \$16,070$

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For point b:

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$Prepaid\ Insurance \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 18,100\\\\$

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3 years ago

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Once every 10 years search it up if I am wrong

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3 years ago

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7 0

2 years ago

After Hiro's family photoshoot, the photographer sells the printed photos by the sheet. Hiro has a \$200$200dollar sign, 200 cre

Papessa [141]

Answer: 5 sheets

Explanation:

The question seems incomplete, however, I found the mentioned equation:

$C=40 (5-s)$

We are told $C$ is in units of $\$$ and $s$ is in units of $sheets$ , this means the other side of the equation must be in $\$$ , as well.

So, if we make a dimensional analysis :

$\$=40\frac{\$}{sheets} (sheets)$

This means each sheet costs $\$40$ , then with a <u>Rule of three</u>, we can find how many sheets Hiro can purchase with $\$200$ :

If:

1 sheet ---- $\$40$

s sheets ---- $\$200$

Then:

$s=\frac{(\$200)(1 sheet)}{\$40}=5 sheets$

Therefore, $C=\$0$ (the total credit left is zero) and we can verify $s=5$ by isolating it from the equation:

$s=\frac{200 - C}{40}$

$s=\frac{200 - 0}{40}$

$s=5$

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3 years ago

The carrying value of bonds at maturity always equals: Group of answer choices the amount of cash originally received in exchang

LUCKY_DIMON [66]

Answer:

d. the par value of the bond.

Explanation:

All the discount or premium would have been amortized at the time of maturity. Only the par value of the bond will be leftover which should be repaid. Hence, the correct answer is option d "par value of the bond"

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3 years ago